Fonterra director steps down
The changes take effect from Tuesday, Auckland-based Fonterra said in a statement.
Fonterra chairman John Wilson said Spaans’ tireless contribution to the New Zealand dairy industry has been significant both inside and outside the Fonterra boardroom. The company didn’t detail Spaans’ health issues but noted he may stand again when his health improves.
Farrelly spent nine years as a Fonterra director until retiring in December last year, and Wilson said he was a highly qualified director with recent and valued experience on the board.
Fonterra’s constitution allows for an appointment to fill a casual vacancy, and Farrelly will continue as a director until the company’s 2017 annual meeting.